Pinsent Masons has advised laser communications company Mynaric AG on its cash EUR 12.3 million capital increase

18 Feb 2020 | 12:16 pm | 1 min. read

Multinational firm Pinsent Masons has advised laser communications company, Mynaric AG on its €12.3 million, 10% cash capital increase.

The new shares were placed by Hauck & Aufhäuser Privatbankiers AG, Frankfurt am Main, by way of a private placement to qualified investors in Germany and by Beech Hill Securities, Inc. in the USA - there exclusively in accordance with the provisions of Rule 144A of the US Securities Act of 1933 - and generated proceeds of almost EUR 12.3 million. 

Mynaric  develops products for laser communication. Laser beams  offer a much higher bandwidth than conventional methods of data transmission. A possible mass market for these products is currently emerging in the form of so-called satellite constellations.

Commenting on the deal Thomas Mayrhofer said: "Pinsent Masons previously advised Mynaric on its initial public offering and regularly provides corporate law advice. This mandate underscores Pinsent Masons’ advanced manufacturing and technology sector expertise and demonstrates the firm’s ability to provide one stop legal services for the placement of shares in Germany and in the U.S. in accordance with Rule 144A under the US Securities Act."

Mynaric made use of the existing authorised capital and increased its share capital of EUR 2,904,304 to EUR 3,194,734 by issuing 290,340 new registered shares against cash contributions.

Mynaric intends to use the funds from the capital increase to further expand the production of its laser communication products, to expand customer acquisition, particularly by strengthening its activities in the USA, and to secure and strengthen its competitive position through further research and development.

The Pinsent Masons team, led by Capital Market partners Dr. Susanne Lenz and Thomas Mayrhofer, acted as transaction counsel for the deal.

Key Contacts

Thomas Mayrhofer

Thomas Mayrhofer

Rechtsanwalt, Partner, Head of Corporate and M&A, Germany

View Profile

Latest press releases

Show me all press releases

Pinsent Masons advises on L Catterton’s sale of Sweaty Betty to Wolverine World Wide Inc

Multinational law firm Pinsent Masons has acted as legal advisor to Sweaty Betty, the founders, Tamara and Simon Hill-Norton, and the senior management team, on the $410m sale of global activewear and lifestyle brand, Sweaty Betty, to Wolverine World Wide, Inc. (WWW).

Pinsent Masons advises Tangle Teezer on £70m investment from Mayfair Equity Partners

Multinational law firm Pinsent Masons has advised Tangle Teezer on the £70m management buy-out from Mayfair Equity Partners (“Mayfair”), the leading tech and consumer growth investor, giving Mayfair a majority stake in the business.

Pinsent Masons helps secure planning consent for new landmark Holocaust Memorial

Multinational law firm Pinsent Masons has advised the Ministry of Housing, Communities and Local Government as applicant in securing planning permission for a new national Holocaust Memorial and Learning Centre to be located in central London.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises Tangle Teezer on £70m investment from Mayfair Equity Partners

Multinational law firm Pinsent Masons has advised Tangle Teezer on the £70m management buy-out from Mayfair Equity Partners (“Mayfair”), the leading tech and consumer growth investor, giving Mayfair a majority stake in the business.

Pinsent Masons advises Seraphine Group PLC on its £150m main market IPO

Multinational law firm Pinsent Masons is advising Seraphine Group plc, an international digitally-led maternity and nursing wear, on its IPO and premium listing on the main market of the London Stock Exchange.

Pinsent Masons unveils FY21 year end results

Multinational law firm Pinsent Masons has announced its FY21 year end results, reporting against last year’s metrics as the firm advances its strategy to become a purpose-led, professional services business with law at the core.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts